The WizCillator Pro indicator is a complex analytical tool for technical market analysis. It is designed to accurately capture and display various market movements and conditions. The tool offers a combination of classic and innovative features that are valuable for both beginners and experienced traders.
- Bar coloring: WizCillator Pro offers dynamic bar coloring. When you enable this feature, the bars are colored according to their tendency (bullish or bearish). The coloring can be customized. Please note that this feature overrides the bar coloring of WizTrader Pro.
- Signal and WizLine: The Signal and WizLine are two lines based on average prices to interpret the market.
- Signal line: This line represents a smoothed average of price movements over a period of time. It is used to identify long-term market trends and to put short-term price fluctuations into perspective.
- WizLine: Unlike the Signal line, the WizLine shows the immediate, current state of price movements and therefore reacts more quickly to market changes. It helps you identify and react to rapid market changes.
Together, these two lines provide a detailed view of the market, showing both short and long-term trends and movements. A central zero line serves as a reference to help identify relative movements.
Divergence detection: With its intelligent algorithm, WizCillator Pro detects divergences. This intelligent detection mechanism gives you early indications of possible trend reversals.
Pivot detection: WizCillator Pro identifies and marks important price levels that can act as support or resistance zones. These pivot points provide valuable clues to possible turning points in the market.
Bullish and Bearish Fill: The filled areas between the WizLine and the zero line visualize market conditions and provide a quick assessment of market sentiment. The bullish and bearish fills highlight areas where the market is in a positive trend or uptrend.
Buy and Sell Labels: They indicate the crossing of the WizLine with the zero line. This may indicate a buy or sell opportunity. You can adjust the display and spacing of the buy and sell labels.
XCross labels: They indicate the crossing of the WizLine with the Signal line, which is a possible indication of a buy or sell opportunity. You can customize the display and spacing of the XCross labels.
Customizability: The customization options are very extensive. Color schemes, line widths, period lengths for moving averages and alarm parameters can be customized.
Notifications and Alerts: The alerts feature keeps you informed. Alerts are triggered when specific events occur, such as when a divergence is detected or when the WizLine exceeds a certain threshold.
„WizCillator Pro“ is a versatile tool for technical market analysis, suitable for both beginners and experienced traders. It combines classic indicators with innovative features to interpret a wide range of market conditions. Clear signals, visual displays and alarm functions make the indicator a reliable companion for effective market analysis.